BASINGSTOKE England-- BUSINESS WIRE --A new study from Juniper Research has found that retailers are set to lose some 130 billion in digital CNP Card-not-Present fraud between 2018 and 2023 It highlighted that increasingly complex approaches by fraudsters alongside retailers inertia in adapting to new fraud prevention requirements would be key factors behind the increases in fraud transaction value A layered FDP solution naturally helps directly preventing fraud but it also offers major gains in terms of recovering potentially lost revenue through false positives This is something about which retailers remain undereducated and has allowed fraudsters to capitalise on relatively low FDP spend Tweet this Junipers new research Online Payment Fraud Emerging Threats Segment Analysis Market Forecasts 2018-2023 claimed that as cybercriminals seek to monetise their knowledge to a wider less tech-savvy audience complex cross-channel fraud will become the new normal with retailers ill-prepared to fight it For more insights download our free whitepaper Future Fraud 3 Dynamics Changing Fraud in 2019 Changes in Perception Required The report found that eCommerce merchants remain to a large extent focused on assessing fraud risk at the point of transaction As such analysis in terms of session and behavioural monitoring or validating the identity of a user to assess fraud risk before any transaction is lacking Juniper cited industry perception of FDP Fraud Detection Prevention as one of the reasons behind this with FDP seen as a high-cost tool used only to prevent fraud A layered FDP solution naturally helps directly preventing fraud but it also offers major gains in terms of recovering potentially lost revenue through false positives This is something about which retailers remain undereducated and has allowed fraudsters to capitalise on relatively low FDP spend explained research author Steffen Sorrell Fraud Detection Growth Juniper found that the perception of FDP return on investment on the part of retailers is in turn hampering global FDP spend growth Juniper anticipates that digital payment players will spend 96 billion annually on FDP solutions in 2023 although the bulk of growth over the forecast period is likely to be driven by financial institutions and payment service providers This is due to awareness of FDP benefits as well as a requirement to deal with challenges such as open banking systems and instant payment mechanisms Juniper Research provides research and analytical services to the global hi-tech communications sector providing consultancy analyst reports and industry commentary